The price of gas in Europe exceeded $2,200 per 1,000 cubic meters
18:08 27.07.2022 11267
The spot price of gas in Europe by Tuesday evening exceeded $2,200/ths.m3 in anticipation of the failure of another gas pumping unit on the Nord Stream, Interfax reports.
The cost of the nearest (August) TTF futures on the ICE Futures exchange rose to $2244 on Tuesday evening.
A day earlier, trading closed at $1,852, and since the beginning of the month, the quotes averaged $1,720.
Gazprom reported that due to the end of the time between overhauls before overhaul, the concern is stopping the operation of another Siemens gas turbine engine at the Portovaya compressor station (CS).
As a result, the daily output of the Portovaya CS from 07:00 Moscow time on July 27 will be up to 33 million cubic meters. m per day compared to the current 67 million cubic meters. m per day (40% of productivity).
Analysts at Rystad Energy, a research company, note that with such a level of supplies under SP1, it will be very difficult for the European Union to achieve the target level of gas reserves in UGS facilities of 80% by November 1. In addition, analysts warn that US LNG supplies to Europe will complicate the upcoming hurricane season.
Preparations for the implementation of energy projects discussed at talks in Islamabad
The issues of practical implementation of the projects of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline and the Turkmenistan-Afghanistan-Pakistan (TAP) power transmission lines were discussed in Islamabad by the delegation of Turkmenistan, which, on behalf of President Gurbanguly Berdimuhamedov, is on a working visit to Pakistan on January 31 – February 4, informs the website of the Foreign Ministry of Turkmenistan.
The government meeting summed up the results of the oil and gas sector for January-May 2025
On July 4, President of Turkmenistan Serdar Berdimuhamedov held a digital meeting of the Cabinet of Ministers, where the results of the work carried out in the country for the first five months of this year were summed up, TDH reports.
Preparations for the VI Caspian Summit discussed
The issues of preparation for the VI Summit of the Heads of the Caspian States within the framework of the events planned in Turkmenistan for 2022 were discussed on Tuesday at a meeting of the interdepartmental commission on the Caspian Sea, the website of the Foreign Ministry of Turkmenistan reports.
Gurbanguly Berdimuhamedov held a meeting on expanding Turkmen gas export routes
The issues of expanding export routes for the supply of Turkmen natural gas were discussed at a meeting held on Tuesday by President Gurbanguly Berdimuhamedov with the participation of Vice-Chairmen of the Cabinet of Ministers for the fuel and energy complex, economy and foreign policy, the State News Agency of Turkmenistan reports.
Turkmenistan's GDP growth rate for seven months amounted to 6.3%
The results of the seven months of the current year demonstrate the success of the programs implemented in Turkmenistan. A clear confirmation of this is the GDP growth rate, which amounted to 6.3% for the period under review. This was stated by President Serdar Berdimuhamedov at a government meeting last Friday, where the results of the country's socio-economic development for January-July 2024 were discussed.